Saturday, June 14, 2014

MoneyScience News

MoneyScience News

Published / Preprint: 13Jun/Assessment of Basel III capital regulations in Canada concluded by the Basel Committee

Posted: 13 Jun 2014 06:08 AM PDT

Press release about the Basel Committee concluding the assessment of Basel III capital regulations in Canada (13 June 2014)

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Blog Post: TheFinancialServicesClub: The threat to banks is not Google or Amazon but ...

Posted: 13 Jun 2014 03:05 AM PDT

What amazes me about the banking system is that the banking system does not believe it needs to change.read more...

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Blog Post: TheAlephBlog: Self-Regulation in the Financial Markets: My Thoughts

Posted: 13 Jun 2014 03:04 AM PDT

Self-regulation: let’s think about a person.  Can he regulate his own life on his own?  Of course he can.  But will he?read more...

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Vendor News: Infosys to appoint Dr. Vishal Sikka as Chief Executive Officer & Managing Director

Posted: 12 Jun 2014 09:26 PM PDT

The Infosys Board of Directors is pleased to announce the selection of Dr. Vishal Sikka as Chief Executive Officer and Managing Director of the company. Dr. Sikka will be inducted as a whole-time Director of the Board, CEO and MD (Designate) on June 14, 2014.

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Published / Preprint: Hierarchical representation of socio-economic complex systems according to minimal sapnning trees. (arXiv:1406.3064v1 [q-fin.GN])

Posted: 12 Jun 2014 05:39 PM PDT

We investigate hierarchical structure in various complex systems according to Minimum Spanning Tree methods. Firstly, we investigate stock markets where the graphis obtained from the matrix of correlations coefficient computed between all pairs of assets by considering the synchronous time evolution of the difference of the logarithm of daily stock price. The hierarchical tree provides...

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Published / Preprint: Martingale approach to optimal portfolio-consumption problems in Markov-modulated pure-jump models. (arXiv:1406.3112v1 [q-fin.PM])

Posted: 12 Jun 2014 05:38 PM PDT

We study optimal investment strategies that maximize expected utility from consumption and terminal wealth in a pure-jump asset price model with Markov-modulated (regime switching) jump-size distributions. We give sufficient conditions for existence of optimal policies and find closed-form expressions for the optimal value function for agents with logarithmic and fractional power (CRRA) utility...

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